What's New

What's New - June 1999

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What's new at EBRI this month:


An Overview of Cash Balance Plans: This feature article from the forthcoming July 1999 EBRI Notes outlines the pros and cons of "cash balance" retirement plans, which have generated strong interest among employers and workers, as well as considerable news coverage.

June 15 Release of the 9th Annual Retirement Confidence and 2nd Annual RCS Minority Surveys.  The annual Retirement Confidence Survey (RCS) gauges the views and attitudes of working and retired Americans regarding their confidence in preparing for retirement.  The RCS Minority Survey examines retirement views and attitudes of African-Americans, Hispanic-Americans, and Asian-Americans.  Click here for the June 15, 1999, press release.

June 17 Release of the 2nd Annual Small Employer Retirement Survey (SERS).  The annual Small Employer Retirement Survey (SERS) gauges the views and attitudes of America's small employers regarding retirement plans and related issues.  Click here for the June 17, 1999, press release.

EBRI and the Financial Executives Institute/Committee on Investment of Employee Benefit Assets are cosponsoring a symposium, "ERISA at 25: Applying the Experience to Social Security Reform."  This event will feature speakers from Capitol Hill and the Clinton Administration, as well as Dallas Salisbury and members of the Financial Executives Institute. The symposium is open to all EBRI members. Lunch will be provided. For more information, contact Bill Pierron at pierron@ebri.org.

Date: Friday, June 25, 1999
Time: 9:00 a.m. - 3:00 p.m.
Location: Westin Fairfax Hotel, 2100 Mass. Avenue, NW, Washington, DC

The EBRI Issue Brief and EBRI Notes for the month of June are available online for ordering. The June Issue Brief is entitled "Social Security Reform: Evaluating Current Proposals: Latest Results of the EBRI-SSASIM2 Policy Simulation Model." The June Notes articles are "Multiemployer Pension Plans" and "Self-Funded ERISA Health Plans."

EBRI Research Findings for 1998-1999:

EBRI Workplace Benefits Media Resources: Workplace Benefits of Great Interest to Graduates.   Valuable EBRI research on economic security realities facing job seekers in this new economy, such as health coverage and retirement benefits is available on the EBRI website. Journalists should consider EBRI's unbiased research and proven expertise for their stories on the workplace.

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What's new in employee benefits:

  • The American Compensation Association provides listings of human resources-related congressional bills with links to the bills and to background information on the bills.
  • Late-breaking news items from the weekly publication Business Insurance are posted every Friday before the Monday issue date.
  • Click here for the latest available issue of the Washington Status Report from the research staff of Hewitt Associates.
  • Click here for the daily edition of the Society for Human Resource Management's newspaper, HR News Online.
  • Click here for the American Compensation Association's Compensation & Benefits NEWSLINE.

 If your computer does not already have the free Adobe Acrobat viewer software to read PDF files, click here for the one-time download necessary to read PDF publications.

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(6/30/99) The Agency for Health Care Policy and Research (AHCPR) announced in a press release June 23, 1999, that it will "Fund Centers of Excellence for Research on Health Care Markets and Managed Care."

(6/29/99) The U.S. Bureau of Labor Statistics released June 24, 1999, Employer Costs for Employee Compensation Summary for March 1999, with links to the tables and a text version of the entire news release.

(6/28/99) The group Americans Discuss Social Security recently released a poll on Social Security reform policy options. Click here, then click on "Poll Data" (in small gray letters), then under "May 1999" click on Action On Social Security: The Public Doesn't Want to Wait.

(6/28/99) The Department of Labor's Pension and Welfare Benefits Administration recently issued Interpretive Bulletin 99-1, Payroll Deduction Programs for Individual Retirement Accounts, which assures employers that payroll deduction IRAs are not ERISA plans.

(6/25/99) Click here for remarks by Federal Reserve Board member, Governor Edward M. Gramlich, before the Wharton Public Policy Forum Series, Philadelphia, PA, on April 22, 1999. He discussed a wide range of issues, including his views on Social Security and raising the national savings rate. Click here for a  report on his speech.

(6/24/99) Watson Wyatt's Global Asset Study: Performance Book reviews and summarizes "in both qualitative and quantitative terms the investment results of retirement funds in 18 countries around the world."

(6/24/99) Click here for the new report: Present Law and Background on Federal Tax Provisions Relating to Retirement Savings Incentives, Health and Long-Term Care, and Estate and Gift Taxes, prepared by the staff of the Joint Committee on Taxation, and published June 15, 1999.

(6/23/99) The Commonwealth Fund has made available the following two reports, both written by The Urban Institute's Marilyn Moon:

(6/23/99) A section on "Military Reservists and Employee Benefits" is included in The Mercer Report of June 8, 1999.

(6/22/99) The 2030 Center has posted When Good Jobs Go Bad: Young Adults and Temporary Work in the New Economy (requires Adobe Acrobat reader) by Helene Jorgensen. Click here for the executive summary of the policy report and click here for the full document.

(6/22/99) The International Foundation of Employee Benefit Plans recently released the survey results of Employer-Sponsored Group Long-Term Care Insurance: Did HIPAA Matter?

(6/21/99) From April 19 through June 4, 1999, Information Renaissance, in collaboration with Americans Discuss Social Security, hosted a non-partisan electronic discussion and debate on Social Security reform. Click here to visit the National Dialogue on Social Security and to browse the archives of this event.

(6/21/99) The Pension Benefit Guaranty Corporation (PBGC) has posted defined benefit plan "Information on people based on State of residence; information on businesses based on State in which plan administrator is located:" State-by-State Information on Defined Benefit Pension Plans.

(6/18/99) Click here for the Health Insurance Association of America (HIAA) White Paper: "Medical Necessity" and Health Plan Contracts (March 2, 1999) based on a legal opinion by Washington, D.C. attorney William G. Schiffbauer.

(6/17/99) Click here for a U.S. Office of Personnel Management April 30,1999, Memorandum for Heads of Executive Departments and Agencies, which contains an attachment with an overview of rights and benefits, as required by the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA).

(6/16/99) The Agency for Health Care Policy and Research (AHCPR) has released Racial and Ethnic Differences in Health, 1996, which includes key statistics on the health of Americans by race and ethnicity.

(6/15/99) The Internal Revenue Service is offering employers a chance to resolve disputed tax issues relating to certain accelerated deductions claimed for accrued employee benefits. Click here for the IRS press release [IR-1999-50] issued June 1, 1999.

(6/14/99) The Center for Retirement Research has posted two working papers:

(6/14/99) Wharton's Patricia N. Danzonn presents a review of research on pharmaceutical price differentials in Do Drug Companies Make Seniors Overpay?

(6/11/99) The Institute of Management and Administration's June 1999, issue of Managing 401k Plans contains "Investment Education Still Not Helping Asset Allocation."

(6/10/99) Rep. John R. Kasich, House Budget Committee Chairman, announced a plan on June 9, 1999, to save Social Security. Click here for the press release.

(6/9/99) The Health Insurance Association of American recently announced its "InsureUSA" proposal to help the uninsured. Click here for the proposal and further information.

(6/7/99) The New York State Health Accountability Foundation, a private-public partnership dedicated to promoting value-based purchasing, has released a study entitled New York State HMO Report Card.

(6/4/99) The Heritage Foundation has released new policy papers:

(6/3/99) The IRS has issued final regulations revising the uniform premium table used to calculate the cost of group-term life insurance coverage provided to an employee by an employer. Go to the Federal Register of June 3, 1999; then scroll down to the Internal Revenue Service; click on [TEXT] or [PDF] for Group-term life insurance coverage costs.

(6/3/99) Economist Annamaria Lusardi has produced a preliminary draft dated April 1999 of her study entitled "Explaining Why Households Do Not Save."  Click here for the tables accompanying this study.

(6/2/99) Click here for the latest white paper from the President's Council of Economic Advisers: Families and the Labor Market, 1969-1999: Analyzing the "Time Crunch."

(6/1/99) "Latinos Fall Through Insurance Safety Net" by Rui Kaneya is a feature story in the May 1999, issue of The Chicago Reporter. This Web exclusive includes Chicago health insurance rates by race and other health insurance graphics provided by EBRI.

(6/1/99) The American Federation of State, County and Municipal Employees has released the following study which was conducted by The Segal Company: The Cost Impact of Mandating Social Security for State and Local Governments.

(6/1/99) The European Commission released May 11, 1999, a Green Paper titled: Supplementary Pensions in the Single Market.

(6/1/99) The Office of Inspector General of the Department of Health and Human Services released a report on May 14, 1999, entitled: Review of Inpatient Services Performed on Beneficiaries After Disenrolling from Medicare Managed Care.

(6/1/99) Click here for an August 1997, column by Scott Rodrick that is still timely: A Tale of Two Acronyms: An "Employee Stock Option Plan" Is Not an ESOP.

(6/1/99) The National Academy of Social Insurance released three research briefs on May 20 relating to the elderly population, Medicare, and health care costs:

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Updated 6/30/99